RCEP | MCQs

Explanation

The Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement among nations in the Asia-Pacific region 

It is a free trade agreement among 15 nations in the Asia-Pacific region.

This partnership includes 10 ASEAN countries:

• Brunei
• Cambodia
• Indonesia
• Laos
• Malaysia
• Myanmar
• the Philippines
• Singapore
• Thailand
• Vietnam

5 additional countries:

• China
• Japan
• South Korea
• Australia
• New Zealand.

Explanation

 The 2nd RCEP Summit was held in Singapore on November 14, 2018. 

Additional information 

The Regional Comprehensive Economic Partnership is a free trade agreement among the 15 Members 

All ten members of ASEAN (excludes candidate member  East Timor):

1 Brunei

 2 Cambodia

3 Indonesia

4 Laos

5 Malaysia

6 Myanmar

 7 Philippines

 8 Singapore

9 Thailand

10 Vietnam

The three East Asian members of ASEAN Plus Three:

11 China

12 Japan

13 South Korea

The two Oceanian members of ASEAN Plus Six:

14 Australia

15 New Zealand

The 15 member countries account for about 30% of the world's population (2.2 billion people) and 30% of global GDP ($29.7 trillion)

The RCEP was signed virtually on November 15, 2020, on the sidelines of the annual summit of the 10-nation Association of Southeast Asian Nations.

RCEP) was signed virtually, and organized by Vietnam

Effective: 1 January 2022

Language: English 

Explanation

The Regional Comprehensive Economic Partnership is a free trade agreement among the 15 Members 

All ten members of ASEAN (excludes candidate member  East Timor):

1 Brunei

 2 Cambodia

3 Indonesia

4 Laos

5 Malaysia

6 Myanmar

 7 Philippines

 8 Singapore

9 Thailand

10 Vietnam

The three East Asian members of ASEAN Plus Three:

11 China

12 Japan

13 South Korea

The two Oceanian members of ASEAN Plus Six:

14 Australia

15 New Zealand

The 15 member countries account for about 30% of the world's population (2.2 billion people) and 30% of global GDP ($29.7 trillion)

The RCEP was signed virtually on November 15, 2020, on the sidelines of the annual summit of the 10-nation Association of Southeast Asian Nations.

RCEP) was signed virtually, and organized by Vietnam

Effective: 1 January 2022

Language: English 

ND12_8_2023

Explanation

RCEP was signed virtually, and organized by Vietnam